Insights from years of practical experience in the crypto world, understand to avoid detours!

1. Do not be overly attached to hot coins.
Shanzhai coins won't keep rising; once you reach a certain level of profit, you should change them in a timely manner, otherwise they might drop back to their original point, like FIL and LUNA.

2. Key Points for Buying and Selling at High and Low Positions
A high-level sideways movement followed by a surge is a selling opportunity; a low-level sideways movement with a new low may be a good entry point.

3. Analyze the market environment.
In a poor market environment, when the coin price is moving sideways against the trend, a small increase will lead to a larger surge; in a good market environment, when the coin price is moving sideways against the trend, a small decrease will lead to a larger drop.

4. Reasonable position adjustment
Increase your position when the coin price breaks through the previous high. Do not add to your position during a decline to avoid increasing your losses. Cut your losses and let your profits grow.

5. The upward trend at the bottom should be held steady.
After recognizing the bottom price, the coin price generally rises in a pattern of two up and one down, especially during a trending rise, as it pulls up while shaking out weak hands, so don't easily exit.

6. Investment should prioritize sectors.
Top players first look at sectors, focusing on hot sectors with high popularity and high win rates; second-tier players look at individual coins; third-tier players look at indicators; and bottom-tier players simply gamble.

7. Volume and price are the fundamental indicators.
Indicators change with volume and price. Real technical analysis must consider volume and price because price increases require substantial capital to drive them.

8. Key Points for Trend Trading
In an upward trend, look for support and rely on the support line to buy on the dip; in a downward trend, look for resistance and you can open a short position or exit based on the resistance line.